{"id":633664,"date":"2024-07-18T00:00:00","date_gmt":"2024-07-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/18\/cabinet-approves-amea-powers-renewable-energy-plans\/"},"modified":"2024-07-18T00:00:00","modified_gmt":"2024-07-18T00:00:00","slug":"cabinet-approves-amea-powers-renewable-energy-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/18\/cabinet-approves-amea-powers-renewable-energy-plans\/","title":{"rendered":"Cabinet approves AMEA Power\u2019s renewable energy plans"},"content":{"rendered":"

It was another busy Wednesday for our new cabinet<\/strong>, which held its second meeting<\/a> yesterday and approved a number of decisions<\/p>\n

#1-<\/strong> <\/span>More renewables incoming:<\/strong> UAE-based Al Nowais' AMEA Power got the greenlight from the cabinet to expand its renewable energy projects by next summer \u2014 the expansion will see AMEA up its renewable capacity in the country by 2 GW.<\/span><\/p>\n

Remember: <\/strong>AMEA Power has been looking to set up 2.5 GW-worth of solar and wind projects<\/a>. The company is currently working on 1 GW-worth of renewable projects in Egypt \u2014- a 500 MW solar Abydos plant which is set to begin operations by the end of September, as well as a 500 MW wind farm in Ras Ghareb that is lined up for completion mid-2025.<\/p>\n

Part of a bigger plan: <\/strong>The Egyptian and Emirati sides are working to introduce some 4 GW of<\/a>renewable energy<\/a> into the national grid by next summer in a bid to help Egypt meet heightened energy demand. <\/p>\n

This lines up with Madbouly\u2019s post-meeting statements<\/strong>, where he mentioned the cabinet\u2019s goal of having 3-4 GW-worth of renewable energy projects kick off operations and start feeding the national grid by mid 2025. (More on that in the news well, above) <\/p>\n

#2- Tax Dispute Resolution Law to be renewed again: <\/strong>The cabinet approved a draft decision to renew the Tax Dispute Resolution Law until January 2025. The law, which had passed the House in September 2016<\/a>, removes tax dispute cases from the courts and hands them over to committees to seek amicable settlements. The law was originally limited to a one-year period but has been extended time and time again. Some 17k disputes<\/a>, amounting to over EGP 15.5 bn, have been settled in the ten months between August 2023 and May 2024.<\/p>\n

#3- Tougher penalties for messing with your license plates: <\/strong>The cabinet approved tougher penalties for altering car license plates, that includes hiding or modifying the plate. Offenders will face up to one year in prison and fines ranging between EGP 2k-5k.<\/p>\n","protected":false},"excerpt":{"rendered":"

AMEA Power is looking to add around 2 GW-worth of energy by next summer<\/p>\n","protected":false},"author":1,"featured_media":633665,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7306],"tags":[282,93,72,151,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet-watch","tag-energy","tag-enterpriseam","tag-renewables","tag-tax","wpautop","entry"],"acf":{"mongo_id":"576f7420-3e6e-43d5-9cb1-c04f858a3586","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1406.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cabinet approves AMEA Power\u2019s renewable energy plans","related_issue":[633654],"teaser":"AMEA Power is looking to add around 2 GW-worth of energy by next summer","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.a677cdf7-e577-4b10-9426-425af56dddf0.mp3"},"yoast_head":"\nCabinet approves AMEA Power\u2019s renewable energy plans - 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AMEA Power will\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/6.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":657053,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/15\/amea-power-is-setting-up-a-5-gw-wind-project-in-gulf-of-suez\/","url_meta":{"origin":633664,"position":1},"title":"AMEA Power is setting up a 5 GW wind project in Gulf of Suez","author":"enterpriseam admin","date":"15 December 2024","format":false,"excerpt":"The project is set to be completed by 1Q 2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/265.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643801,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/16\/amea-power-to-invest-usd-800-mn-to-develop-africas-largest-solar-power-plant-and-battery-storage-projects-in-upper-egypt-plus-scatec-two-intl-consortia-set-the-wheels-in-motion-on\/","url_meta":{"origin":633664,"position":2},"title":"AMEA Power to invest USD 800 mn to develop Africa\u2019s largest solar power plant and battery storage projects in Upper Egypt. PLUS: Scatec, two int\u2019l consortia set the wheels in motion on renewables projects.","author":"enterpriseam admin","date":"16 September 2024","format":false,"excerpt":"AMEA will develop a 1 GW solar power plant with 600 MWh battery storage system in Benban \u2014 expected to be Africa\u2019s largest","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1104.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":657390,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/amea-powers-1-gw-solar-plant-in-benban-gets-golden-license\/","url_meta":{"origin":633664,"position":3},"title":"AMEA Power\u2019s 1 GW solar plant in Benban gets golden license","author":"enterpriseam admin","date":"19 December 2024","format":false,"excerpt":"The project will see investments of USD 850 mn and will be carried out across two phases","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1170.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":661173,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/24\/uaes-amea-to-develop-1-5-gwh-battery-storage-projects\/","url_meta":{"origin":633664,"position":4},"title":"UAE\u2019s AMEA to develop 1.5 GWh battery storage projects","author":"enterpriseam admin","date":"24 February 2025","format":false,"excerpt":"AMEA CTO Mahabir Sharma said last month that the project will cost USD 350 mn","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2188.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":678533,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/21\/amea-power-wraps-financing-for-africas-biggest-solar-plus-storage-plant\/","url_meta":{"origin":633664,"position":5},"title":"Amea Power wraps financing for Africa\u2019s biggest solar-plus-storage plant","author":"enterpriseam admin","date":"21 December 2025","format":false,"excerpt":"A who\u2019s-who of development finance institutions, including British International Investment, delivered a USD 570 mn debt package","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/986.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=633664"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633664\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/633654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/633665"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=633664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=633664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=633664"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=633664"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=633664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}